Flynn Gold

64g/t Au in High-Grade Veins at Golden Ridge Adit, NE Tasmania

Flynn Gold Limited (ASX: FG1, “Flynn” or “the Company”) is pleased to report high grade gold assays have been recorded from a recent field mapping and sampling campaign at the Link Zone prospect at its 100% owned Golden Ridge Project in Northeast Tasmania (see Figure 6).


Highlights

  • Mapping and vein sampling within the historic Golden Ridge adit has identified a significant new zone of high-grade gold mineralisation in the Link Zone prospect at Golden Ridge in NE Tasmania
  • Underground grab sampling of mineralised veins in the adit recorded high- grade gold assays including 64.4g/t Au, 37.6g/t Au and 15.9g/t Au
  • The Link Zone prospect is located between the Trafalgar and Brilliant prospects, with the 3 prospects now defining a corridor of high-grade gold mineralisation with a potential strike length of 2.5km and a vertical extent of at least 500m as proven by drilling at Brilliant and Trafalgar
  • Mineralisation in the newly identified Golden Ridge adit occurs as multiple sub-parallel steeply-dipping gold-rich quartz-sulphide veins visible over a zone 20-30m in width and correlates with similar veins mapped in historic trenches
  • Mineralised veins identified by sampling present new drill targets with potential to significantly extend the existing Trafalgar-Brilliant gold system.
  • Phase 3 diamond drilling at Trafalgar is underway with samples from the first hole currently at the laboratory. The drill program is designed to in-fill test the high-grade gold zones discovered from earlier programs and test extensions to the known mineralisation.
  • Flynn’s exploration is targeting a gold mineralised granodiorite- metasediment contact which has grown to over 9km in length
  • For further information or to post questions go to the Flynn Gold Investor Hub at https://investorhub.flynngold.com.au/link/4r8dWr

The Link Zone is located between the Trafalgar and Brilliant prospects along the Golden Ridge granodiorite contact. Previous diamond drilling at Trafalgar and Brilliant has returned outstanding results with multiple intersections over 100g/t Au recorded at the Trafalgar prospect, which is currently being followed up with an active diamond drillhole campaign1.

Managing Director & CEO, Neil Marston commenting on the results said:

“Our confidence in Golden Ridge as an extensive, high grade intrusive-related gold system continues to grow with these Link Zone results confirming that high grade mineralisation exists within an increasingly well-defined corridor that has the potential to link the Brilliant and Trafalgar prospects over a strike length of 2.5km. Whilst drilling is ongoing at Trafalgar our exploration team is actively exploring to further extend the gold system at Golden Ridge which we expect will lead to identifying additional drilling targets similar to the Link Zone.”


Click here for the full ASX Release

This article includes content from Flynn Gold, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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